Which of these is not the correct form of the accounting equation?
Homework Answers
| Below equations are the correct form of equation, | |||
| All assets of the organization are equal to there liabilities and stockholder's Equity | |||
| IT means correct equation is as below, | |||
| Assets = Liabilities + Stockholder's Equity | |||
| & | |||
| Assets - Liabilities = Stockholder's Equity | |||
| It means below equations are not in correct form | |||
| Assets = Equaties : this equation is not correct because assets = Shareholder's Equites + Liabilities | |||
| & | |||
| Assets + Stockholder's Equities never will be equlas to Liabilites | |||
| Comment: | |||
| Option A and Option B are not a correct form of the accounting equation. | |||
| Answer = Option A & Option B | |||
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Which of these is not the correct form of the accounting
equation?
Which of the following...
The expression of the accounting equation that is correct is: Select one: a. Assets + Liabilities...
The expression of the accounting equation that is correct is: Select one: a. Assets + Liabilities - Equity b. Liabilities = Assets + Equity O C. Assets = Liabilities + Equity d. Assets = Equity - Liabilities e
The accounting equation for Landscape Enterprises is as follows: Assets Liabilities $540,000 + Stockholders' Equity. $540,000...
The accounting equation for Landscape Enterprises is as follows: Assets Liabilities $540,000 + Stockholders' Equity. $540,000 $1,080,000 + If the company now pays employee wages for $90,000, the accounting equation will change to: Select one: A. Assets $1,170,000 = Liabilities $540,000 Stockholders' Equity $630,000 + B. Assets $990,000 - Liabilities $540,000 Stockholders' Equity $450,000 C. Assets $1,170,000 = Liabilities $630,000 Stockholders' Equity $540,000 + O D. Assets $990,000 = Liabilities $450,000 Stockholders' Equity $540,000 +
When a company issues common stock for cash, what is the effect on the accounting equation...
When a company issues common stock for cash, what is the effect on the accounting equation for the company? Select one: a. Assets increase and liabilities increase. O b. Liabilities decrease and stockholders' equity increases. O C. Assets increase and stockholders' equity increases. O d. Assets decrease and liabilities decrease. Jump to... • How Accounting Systems Work (B. il auto.proctoru.com is sharing your screen. Stop sharing Hide
Effect of Transactions on Accounting Equation What is the effect of each of the following transactions...
Effect of Transactions on Accounting Equation What is the effect of each of the following transactions on the three elements (assets, liabilities, and stockholders' equity) of the accounting equation? a. Invested cash in business in exchange for common stock. b. Paid for business expenses. c. Paid dividends. d. Purchased supplies on account. e. Received cash for services performed. th Decreases assets and decreases liabilities. Decreases assets and decreases stockholders' equity. Increases assets and increases stockholders' equity. Increases assets and increases...
EX 1-6 Accounting equation A. $1,895,000 Determine the missing amount for each of the following AssetsLlabilities...
EX 1-6 Accounting equation A. $1,895,000 Determine the missing amount for each of the following AssetsLlabilities + Stockholders' Equity A. B. $776,500$588,800 C. $14,750,000-$4,455,000 + 5550,000 $1,345,000 SHOW ME N EX 1-7 Accounting equation Obj. 3, 4 B. $4,120,000 Inspirational Inc. is a motivational consulting business. At the end of its accounting period, October 31, 2017, Inspirational has assets of $5,250,000 and liabilities of $1,600,000. Using the accounting equation and considering each case independently, determine the following amounts: A. IE...
In Accounting Current Attempt in Progress Use the basic accounting equation to answer these questions. (a)...
In Accounting
Current Attempt in Progress Use the basic accounting equation to answer these questions. (a) The liabilities of Cullumber Company are $99,000 and the stockholders' equity is $237,000. What is the amount of Cullumber's total assets? Total assets $ (b) The total assets of Pharoah Company are $195,000 and its stockholders' equity is $89,000. What is the amount of its total liabilities? Total liabilities $ (c) The total assets of Bramble Co. are $795,000 and its liabilities are equal...
2. $1,895,000 EX 1-6 Accounting equation Determine the missing amount for each of the following: Assets...
2. $1,895,000 EX 1-6 Accounting equation Determine the missing amount for each of the following: Assets abilities Stockholders' Equity - $550,000 + $1,345,000 b. 5776,500 - X + $588,800 C$14.750,000 - 54,455,000 + 54,120,000 EX 1-7 Accounting equation Obj. 3,4 Inspirational Inc. is a motivational consulting business. At the end of its accounting period, October 31, 20Y2, Inspirational has assets of $5,250,000 and liabilities of $1,600,000. Using the accounting equation and considering each case independently, determine the following amounts: a....
Given the accounting equation, answer each of the following questions. (a) The liabilities of Ayayai Company...
Given the accounting equation, answer each of the following questions. (a) The liabilities of Ayayai Company are $117.000 and its stockholders' equity is $224,500. What is the amount of Ayayai Company's total assets? Ayayai Company's total assets $ (b) The total assets of Ayayai Company are $180,000 and its stockholders' equity is $84,500. What is the amount of its total liabilities? Ayayai Company's total liabilities $ (c) The total assets of Ayayai Company are $544,000 and its liabilities are equal...
Which of the following could describe the effects of an asset exchange transaction on the accounting...
Which of the following could describe the effects of an asset
exchange transaction on the accounting equation?
Which of the following could describe the effects of an asset exchange transaction on the accounting equation? Assets +/- + A. B. Stockholders' Equity n/a Liabilities n/a n/a n/a C. + n/a Multiple Choice Option D Optionc Option B
Determine the impact of the following transaction on the accounting equation: Christina Company sold goods costing...
Determine the impact of the following transaction on the accounting equation: Christina Company sold goods costing $2,000 for $6,000 cash. Assets Liabilities Stockholders' Equity + $6,000 No effect + $6,000 + $4,000 No effect + $4,000 + $2,000 + $4,000 - $2,000 + $4,000 - $2,000 + $6,000 OA. A is correct OB. B is correct OC. C is correct OD. D is correct
The expression of the accounting equation that is correct is: Select one: a. Assets + Liabilities - Equity b. Liabilities = Assets + Equity O C. Assets = Liabilities + Equity d. Assets = Equity - Liabilities e
The accounting equation for Landscape Enterprises is as follows: Assets Liabilities $540,000 + Stockholders' Equity. $540,000 $1,080,000 + If the company now pays employee wages for $90,000, the accounting equation will change to: Select one: A. Assets $1,170,000 = Liabilities $540,000 Stockholders' Equity $630,000 + B. Assets $990,000 - Liabilities $540,000 Stockholders' Equity $450,000 C. Assets $1,170,000 = Liabilities $630,000 Stockholders' Equity $540,000 + O D. Assets $990,000 = Liabilities $450,000 Stockholders' Equity $540,000 +
When a company issues common stock for cash, what is the effect on the accounting equation for the company? Select one: a. Assets increase and liabilities increase. O b. Liabilities decrease and stockholders' equity increases. O C. Assets increase and stockholders' equity increases. O d. Assets decrease and liabilities decrease. Jump to... • How Accounting Systems Work (B. il auto.proctoru.com is sharing your screen. Stop sharing Hide
Effect of Transactions on Accounting Equation What is the effect of each of the following transactions on the three elements (assets, liabilities, and stockholders' equity) of the accounting equation? a. Invested cash in business in exchange for common stock. b. Paid for business expenses. c. Paid dividends. d. Purchased supplies on account. e. Received cash for services performed. th Decreases assets and decreases liabilities. Decreases assets and decreases stockholders' equity. Increases assets and increases stockholders' equity. Increases assets and increases...
EX 1-6 Accounting equation A. $1,895,000 Determine the missing amount for each of the following AssetsLlabilities + Stockholders' Equity A. B. $776,500$588,800 C. $14,750,000-$4,455,000 + 5550,000 $1,345,000 SHOW ME N EX 1-7 Accounting equation Obj. 3, 4 B. $4,120,000 Inspirational Inc. is a motivational consulting business. At the end of its accounting period, October 31, 2017, Inspirational has assets of $5,250,000 and liabilities of $1,600,000. Using the accounting equation and considering each case independently, determine the following amounts: A. IE...
In Accounting
Current Attempt in Progress Use the basic accounting equation to answer these questions. (a) The liabilities of Cullumber Company are $99,000 and the stockholders' equity is $237,000. What is the amount of Cullumber's total assets? Total assets $ (b) The total assets of Pharoah Company are $195,000 and its stockholders' equity is $89,000. What is the amount of its total liabilities? Total liabilities $ (c) The total assets of Bramble Co. are $795,000 and its liabilities are equal...
2. $1,895,000 EX 1-6 Accounting equation Determine the missing amount for each of the following: Assets abilities Stockholders' Equity - $550,000 + $1,345,000 b. 5776,500 - X + $588,800 C$14.750,000 - 54,455,000 + 54,120,000 EX 1-7 Accounting equation Obj. 3,4 Inspirational Inc. is a motivational consulting business. At the end of its accounting period, October 31, 20Y2, Inspirational has assets of $5,250,000 and liabilities of $1,600,000. Using the accounting equation and considering each case independently, determine the following amounts: a....
Given the accounting equation, answer each of the following questions. (a) The liabilities of Ayayai Company are $117.000 and its stockholders' equity is $224,500. What is the amount of Ayayai Company's total assets? Ayayai Company's total assets $ (b) The total assets of Ayayai Company are $180,000 and its stockholders' equity is $84,500. What is the amount of its total liabilities? Ayayai Company's total liabilities $ (c) The total assets of Ayayai Company are $544,000 and its liabilities are equal...
Which of the following could describe the effects of an asset
exchange transaction on the accounting equation?
Which of the following could describe the effects of an asset exchange transaction on the accounting equation? Assets +/- + A. B. Stockholders' Equity n/a Liabilities n/a n/a n/a C. + n/a Multiple Choice Option D Optionc Option B
Determine the impact of the following transaction on the accounting equation: Christina Company sold goods costing $2,000 for $6,000 cash. Assets Liabilities Stockholders' Equity + $6,000 No effect + $6,000 + $4,000 No effect + $4,000 + $2,000 + $4,000 - $2,000 + $4,000 - $2,000 + $6,000 OA. A is correct OB. B is correct OC. C is correct OD. D is correct
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